Dunelm Group (LON:DNLM) Hits New 1-Year Low – Here’s What Happened

Dunelm Group plc (LON:DNLM)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 954.50 ($11.61) and last traded at GBX 955 ($11.62), with a volume of 1554281 shares traded. The stock had previously closed at GBX 1,030 ($12.53).

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DNLM shares. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,325 ($16.12) price objective on shares of Dunelm Group in a research note on Thursday, October 24th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,430 ($17.40) price target on shares of Dunelm Group in a research report on Thursday, December 5th. Shore Capital restated a “not rated” rating on shares of Dunelm Group in a research report on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on Dunelm Group from GBX 1,140 ($13.87) to GBX 1,170 ($14.24) and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,325 ($16.12) price target on shares of Dunelm Group in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,251.67 ($15.23).

Dunelm Group Price Performance

The stock has a market capitalization of £1.97 billion, a PE ratio of 1,315.54, a PEG ratio of -10.32 and a beta of 1.18. The company’s 50 day simple moving average is GBX 1,088.29 and its 200 day simple moving average is GBX 1,152.05. The company has a current ratio of 1.04, a quick ratio of 0.16 and a debt-to-equity ratio of 236.84.

Insider Activity at Dunelm Group

In other news, insider Nick Wilkinson sold 28,236 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of GBX 1,161 ($14.13), for a total transaction of £327,819.96 ($398,856.26). Also, insider Karen Witts bought 8,375 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average cost of GBX 1,126 ($13.70) per share, for a total transaction of £94,302.50 ($114,737.19). Insiders own 34.28% of the company’s stock.

About Dunelm Group

Dunelm is the UK’s market leader in homewares with a purpose ‘to help create the joy of truly feeling at home, now and for generations to come’. Its specialist customer proposition offers value, quality, choice and style across an extensive range of c.70,000 products, spanning multiple homewares and furniture categories and including services such as Made to Measure window treatments.